Trump China TikTok deal

Trump China TikTok deal

White House press secretary Karoline Leavitt on Saturday revealed further details of a deal reached between the U.S. and China over control of the popular social media platform TikTok, sharing that six Americans will sit on the seven-seat board that will control the company and that the U.S. would control the app’s algorithm. “This deal…

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Nvidia, Broadcom, other AI names rally on Oracle’s growth projections

Nvidia, Broadcom, other AI names rally on Oracle’s growth projections

Oracle Corp Chief Executive Larry Ellison during a launch event at the company’s headquarters in Redwood Shores, California June 10, 2014. Noah Berger | Reuters Oracle‘s massive growth trajectory for cloud infrastructure is lifting all boats. The cloud giant forecasted skyrocketing sales to $114 billion in the company’s fiscal 2029, signalling demand for artificial intelligence…

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Nvidia faces Wall Street’s high expectations two years into AI boom

Nvidia faces Wall Street’s high expectations two years into AI boom

Nvidia CEO Jensen Huang attends the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025. Kent Nishimura | Reuters It’s been two years since the explosion of generative artificial intelligence started to transform Nvidia’s business. Since then, the chipmaker’s revenue has more than tripled and profits have quadrupled. Nvidia‘s second-quarter earnings report,…

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